
The baht closed at 33.73 per US dollar, up from an opening of 33.71, trading in a narrow 33.70-33.76 range. Dealers said the currency moved weakly in line with regional peers as the dollar firmed and oil prices fell on US-Iran negotiation news.
The market is awaiting the outcome of the US midterm elections.
A weaker baht raises the local cost of imported feed ingredients priced in dollars, such as soybean meal and corn, while lower oil prices ease energy and freight costs. The move is modest, so the near-term effect on feed buyers is limited.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.